Used appliances vs. new stainless steel or whatever is "hot" today.I'm not anti-Class A or B, but I simply find that Class C offers the advantages of good/great cash flow and the negatives (i.e. more tenant-intensive) can be handled with a combination of careful screening and staying on top of issues. 

Those guys you see working on large erections of steel at a refinery. 

https://www.wdrb.com/in-depth/steel-maker-nucor-corp-expected-to-announce-brandenburg-ky-plant/article_89a85800-50c6-11e9-a68c-679d710377c1.html?

Just some Libertarian musings but Wasn't it Atlas Shrugged where the good steel providers were required by legislation to slow production so the bad steel producers wouldn't be dis-advantaged? 

You have stainless steel appliances, a nice back splash and good floors.

They are trying to sell the property 1) because they no longer want to rent anymore, but mainly because 2) They want to free up that "VA slot" and use it to build their "dream home"... 

And they are selling because they have a home loan with the 'VA' and since it is taking up a slot of theirs, they want it gone.

I come from a construction background, I am now a licensed PE and worked as a consultant for a few years, and I am now a project manager for a steel construction company.Started diving into REI in the last couple of months and feel like I have listened to about a dozen books, read 2 texts books, and countless podcasts and videos.

Not necessary for this post, but we were hoping to use our FHA slot there.

By obtaining multiple financed properties you could be using up a few of your slots out of the 10 available under your name.Commercial banks can do blanket notes which have less favorable terms (3, 5, 7, 10 yr balloon usually) and rates will be a bit higher typically than conventional.A lender who packages all mortgages together in one transaction could underwrite and order docs on all files at once (3 set of docs, 3 mtg notes, 3 trust deeds etc) for signing so could be very streamlined.If These properties are to be held for income producing purposes the least expensive money with the most solid 30 year fixed terms with be conventional financing, but even with conventional there are pros and cons.